LiveWire Group (NYSE:LVWR) Reaches New 12-Month Low – Should You Sell?

LiveWire Group, Inc. (NYSE:LVWR) shares hit a new 52-week low on Monday . The stock traded as low as $2.66 and last traded at $2.69, with a volume of 4270 shares changing hands. The stock had previously closed at $2.66.

LiveWire Group Stock Performance

The firm has a 50-day moving average of $4.49 and a 200-day moving average of $5.68. The firm has a market capitalization of $471.54 million, a P/E ratio of -5.04 and a beta of 0.94.

LiveWire Group (NYSE:LVWR) last released its quarterly earnings data on Wednesday, February 5th. The company reported ($0.11) earnings per share for the quarter. LiveWire Group had a negative net margin of 352.66% and a negative return on equity of 58.65%. During the same quarter in the previous year, the firm earned ($0.16) EPS.

Insiders Place Their Bets

In other news, CEO Karim Donnez sold 9,202 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $6.05, for a total value of $55,672.10. Following the completion of the transaction, the chief executive officer now owns 456,772 shares of the company’s stock, valued at $2,763,470.60. This represents a 1.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last ninety days, insiders have sold 12,729 shares of company stock worth $76,841. Company insiders own 1.92% of the company’s stock.

Institutional Investors Weigh In On LiveWire Group

Institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its holdings in shares of LiveWire Group by 120.5% in the fourth quarter. JPMorgan Chase & Co. now owns 66,523 shares of the company’s stock worth $320,000 after purchasing an additional 36,357 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in LiveWire Group by 14.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 46,511 shares of the company’s stock valued at $224,000 after buying an additional 5,968 shares during the last quarter. Finally, Barclays PLC grew its holdings in LiveWire Group by 289.1% during the 3rd quarter. Barclays PLC now owns 26,210 shares of the company’s stock valued at $159,000 after buying an additional 19,474 shares in the last quarter. 0.88% of the stock is owned by hedge funds and other institutional investors.

About LiveWire Group

LiveWire Group, Inc manufactures electric motorcycles in the United States and internationally. It operates in two segments Electric Motorcycles and STACYC. The company designs and sells electric motorcycles and parts, accessories, and apparel; and electric balance bikes for kids. It serves wholesalers, independent dealers, retailers, and through online.